Mulya.ai
Ticker
EXPE
Scenario
Key Inputs
Revenue est.?Analysttaper yr5
OP margin est.?hist_ind
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?10.1%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.332
Beta (levered) ?1.597
Terminal OM% ?17.4%
Segment conc. ?97% dominant
Terminal growth ?4.1%
Bond rating ?A+ · 1.00%
ROIC option ?Opt 4 · 16.2%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

EXPE · Expedia Group, Inc.

$225.302026-05-17
Sector: Consumer Cyclical; Industry: Travel Services; Sub-Industry: Hotels, Resorts & Cruise Lines

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$457
+102.9% vs market
Base · active
$308
+36.9% vs market
Bear
$329
+45.8% vs market
Mulya.ai vs Analyst IV Comparison?
Market $225
Median $260
Base $308
Bear $329
Bull $457
Market Price $225
Mulya.ai Base $308
Analysts Median $260
Mulya.ai IV range ($329 · $457)
Analysts Range ($240 · $330)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2021.Q4$8.6B2.5%45.0%$118MM$2.7B$2.8B9.3%1.3%$9.4B$0.09
2022.Q4$11.7B35.7%10.7%36.2%$798MM$1.1B$1.9B9.8%9.2%$7.9B$2.74
2023.Q4$12.8B10.0%9.3%32.4%$805MM−$53MM$752MM9.5%10.4%$7.6B$6.21
2024.Q4$13.7B6.6%11.1%20.6%$1.2B−$181MM$1.0B10.2%16.2%$7.3B$9.62
2025.Q4$14.7B7.6%14.9%18.2%$1.8B$1.6B$3.4B10.3%31.2%$4.2B$10.0913.2
italics below = DCF projection · 10yr Rev CAGR: 6.1%
2026.Q4$15.9B+8.2%17.2%18.4%$2.2B−$264MM$2.0B9.9%$1.8B51.2%$4.5B$13.1017.2
2027.Q4$17.1B+7.1%17.2%18.6%$2.4B−$269MM$2.1B9.8%$1.8B51.7%$4.8B$14.4615.6
2028.Q4$18.4B+8.0%17.3%18.8%$2.6B−$355MM$2.2B9.7%$1.7B52.3%$5.1B$16.0914.0
2029.Q4$19.7B+6.8%17.3%18.9%$2.8B$0MM$2.8B9.5%$1.9B53.9%$5.1B$17.6712.8
2030.Q4$20.9B+6.3%17.4%19.1%$2.9B$0MM$2.9B9.4%$1.9B57.4%$5.1B$19.8811.3
Term. Yr+$27.8B4.1%17.4%20.0%$3.9B−$976MM$2.9B8.6%$26.3B16.2%
Active scenario IV: $308 (+36.9% vs market)